Bhutan’s trade deficit is projected to improve slightly, narrowing to 16.1 percent of the country’s gross domestic product (GDP) in the fiscal year 2024-25. This marks a modest improvement from the previous fiscal year’s trade deficit of 17.7 percent of GDP, according to the Royal Monetary Authority’s recent annual report. The report attributes the improvement […]
Read MoreA deepening slowdown is raising concerns that a three-year boom wasn’t the start of a new era but a blip. For years, India’s booming economy fueled exuberance that the South Asian nation had entered a new era of faster growth, powering its markets to new heights and raising expectations it would exit the trenches of […]
Read MoreOn Tuesday, Asia’s third-largest economy forecast annual growth of 6.4% in the fiscal year ending in March, the slowest in four years and below the government’s initial projections, weighed by weaker investment and manufacturing. After world-beating economic growth last year, India’s policymakers are scrambling to head off a sharp slowdown as worsening global conditions and […]
Read MoreThis year, Kazakhstan plans to construct new airports in resort areas, invest over nine trillion tenge (US$17.1 billion) in new highways, and increase freight traffic along the Trans-Caspian International Transport Route (TITR), or the Middle Corridor. Aviation projects Kazakhstan has begun implementing the most important infrastructure projects in aviation. New airports will be built in […]
Read MoreThe Million Fruit Trees Plantation (MFTP) project has completed its third phase, generating over Nu 1 million in revenue from the first phase of the project, according to the Ministry of Agriculture and Livestock (MoAL). The fourth phase of the project will begin next month with a Nu 182 million budget. This phase will prioritise […]
Read MoreThe farmers of Khatekhola Rural Municipality-6 in Baglung district have produced orange worth Rs 54 million this year. The production of orange this year grew by Rs 20 million compared to the last year, Agricultural Technician at Khatekhola Rural Municipality Agni Kandel said. The farmers in the rural municipality produced orange worth Rs 35 million […]
Read MoreSaudi Arabia has decided to increase fees for seven services, including visas and iqama. This information was given through Absar, a business platform under the country’s Ministry of Interior. According to Gulf News, the visa fee for entry and exit to Saudi Arabia has been set at 103.5 riyals. And the fee for residence permit […]
Read MoreWith two weeks before Trump begins a second US presidency, his threats of big tariffs on Chinese imports have rattled the yuan, driven mainland bond yields down and got stocks off to a rough start to 2025. China’s stock exchanges and central bank scurried to defend a tumbling yuan and falling stock markets on Monday, […]
Read MorePresident Dr. Mohamed Muizzu the government has begun disbursing payments for MVR 500 million owed to private companies in relation to various projects completed for the government. The President visited GDh. Hoadedhdhoo on Tuesday morning as part of his ongoing tour of Huvadhoo Atoll. Speaking at a meeting with the residents of the island, President […]
Read MoreThe Royal Audit Authority (RAA) reported wasteful expenditures to the tune of Nu 193.564 million across various government agencies in its Annual Audit Report for the fiscal year 2023–24. The report defines wasteful expenditure as investments in assets or equipment that cannot be utilised as intended, resulting in substantial loss of public funds. The RAA […]
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